38 Mathews Rd Stuns as a $67.5M Coastal Masterpiece in the Heart of Wainscott, New York

Date of Publishing: April 29, 2025

Privately poised on a 25-acre peninsula overlooking Georgica Pond, 38 Mathews Rd is a world-class estate that embodies the pinnacle of architectural grandeur in the Hamptons. Located in the coveted enclave of Wainscott, this 25,000-square-foot residence offers an extraordinary blend of natural seclusion, refined design, and sweeping water views that span from the pond to the Atlantic Ocean. With a current listing price of $67,500,000, it stands among the most significant offerings in Wainscott Real Estate and across the landscape of New York Real Estate.

38 Mathews Rd Stuns as a 67.5M Coastal Masterpiece in the Heart of Wainscott New York 1

A Waterfront Estate with Enduring Legacy

Built in 2000 and designed by acclaimed architect Francis Fleetwood, the estate—known as Burnt Point—was initially commissioned by commodities trader David Campbell and later owned by billionaire philanthropist Stewart Rahr. With its steel frame construction and classic Cotswold stone finishes, the home has been featured in Architectural Digest and reimagined by interior designer Michael Smith, best known for his work with the Obama White House. The estate’s legacy is as deeply rooted in craftsmanship as it is in prestige.

38 Mathews Rd Stuns as a 67.5M Coastal Masterpiece in the Heart of Wainscott New York 2

“The estate’s scale and waterfront access are unmatched,” shares Ed Petrie, Associate Broker at Compass. “With more than 2,000 feet of direct water frontage and a private dock, 38 Mathews Rd represents a rare fusion of privacy and nautical connectivity in the Hamptons.”

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Seamless Architecture in a Secluded Natural Setting

From the moment one enters through the gated drive and porte cochère, the tone is set for an experience of grandeur. Antique 200-year-old oak flooring, six bespoke stone fireplaces, and vaulted arched ceilings give each room its own unique character. Nearly every space within the residence offers unobstructed water views, a testament to the estate’s thoughtful orientation and placement on the peninsula.

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38 Mathews Rd Stuns as a 67.5M Coastal Masterpiece in the Heart of Wainscott New York 7

According to Petrie, “Every detail—from the breezeway connecting the main home to the guest wing, to the underground tunnels linking mechanical systems—was built to endure. This isn’t just a showpiece; it’s a residence that supports effortless living.”

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38 Mathews Rd Stuns as a 67.5M Coastal Masterpiece in the Heart of Wainscott New York 9

The layout features a five-bedroom main residence and a three-bedroom guest wing, together offering 10 full bathrooms and four half-baths. Dual elevators add ease to the vertical layout, while amenities such as a sunken Har-Tru tennis court with viewing pavilion and a heated infinity pool with waterfall spa elevate the property to resort-level luxury.

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38 Mathews Rd Stuns as a 67.5M Coastal Masterpiece in the Heart of Wainscott New York 11

SEE MORE: Live the Fantasy: Old Brookville’s Most Alluring $7.45M Estate Hits the Market

More Than a Home—A Rare Investment in the Hamptons

The ownership history of 38 Mathews Rd is a story of exclusivity. In 2005, the property sold for $39.25 million to Stewart Rahr, who later placed it into his charitable foundation. By 2021, the property changed hands again for $47 million, purchased by TOBH Properties LLC. Today, listed at $67.5 million, the home is positioned not only as an architectural landmark but also as an appreciating investment in the elite sphere of New York Real Estate.

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38 Mathews Rd Stuns as a 67.5M Coastal Masterpiece in the Heart of Wainscott New York 14

In the words of a Compass spokesperson, “Buyers looking at 38 Mathews Rd aren’t just seeking a home—they’re acquiring a legacy that will define generations. It’s one of those few properties where time stands still.”

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38 Mathews Rd Stuns as a 67.5M Coastal Masterpiece in the Heart of Wainscott New York 17

SEE MORE: New York Luxury Home Asking $9.95M Showcases Coastal Elegance and Classic Charm

A Coveted Wainscott Location with Unmatched Lifestyle

Situated minutes from the East Hampton Airport and world-renowned beaches, 38 Mathews Rd offers the ultimate in both seclusion and accessibility. The Wainscott community is celebrated for its serene landscapes, yet remains close to upscale shopping, gourmet dining, and vibrant arts and culture. Whether enjoying farm-to-table cuisine at local establishments or sailing from the private dock, the lifestyle here is curated for those who value tranquility without compromise.

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38 Mathews Rd Stuns as a 67.5M Coastal Masterpiece in the Heart of Wainscott New York 4

“Proximity to everything, yet with absolute privacy—that’s the heart of Burnt Point,” concludes Petrie in an exclusive quote to Luxury Houses Magazine. “It’s where timeless architecture and modern luxury meet.”

For further details and to schedule a private tour, visit the Zillow listing or connect with Ed Petrie at Compass.

* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*